Re: 0.02 BTC Bounty: Write a general AML/KYC process sticky

Quote from: Maged on December 12, 2013, 11:27:33 PM

Quote from: Atruk on December 11, 2013, 07:58:33 AM

This is a piece of text that should be included in any AML/KYC sticky near the top. It doesn't address details of the problem, but addresses ongoing risks presented by AML/KYC efforts.

Quote

Assume that restrictions for any Bitcoin to National Currency exchange may become more restrictive at any time in the future. Many exchanges in the past have restricted currency deposits or withdrawals proactively as BitStamp has, without any explicit order from a government agency to do so at the time. Others like BTCChina have in response to concerns made even the ability to continue to login to their platform contingent on supplying further identifying information. In the past surprise changes to AML/KYC requirements have lead users of exchanges to have their access to deposited funds substantially delayed while complying with new requirements or even lost access to their deposited funds completely if they could not comply with the new requirements. Changing AML/KYC exchange enacted AML/KYS requirements have effected users of all major exchanges that handle both Bitcoin and National currency. People who continue using such exchanges should prepare for the contingency that their exchange of choice will change their AML/KYC requirements in the future.

Absolutely, for sure! Post an address and I'll send you BTC0.03.

For everyone else, to clarify, I am looking for something to be made that is not specific to MtGox. You can and should link to any existing information (like the MtGox thread, for example), but I want the actual content to be pretty general. Also, since I'll be paying for Atruk's contribution, I would now like that or something like that to be mentioned.

Thanks you: 1Magr1FdjAHeST3aVeFQSMZdPKSzWWSfpL

Beyond what I wrote I don't know if there is much to be written which won't be different in the next one to twelve months. Major English language exchanges want generally a Driver's license/ID Card Scan plus a utility bill, BTC China wants and national ID number or passport number, RoboCoin's atm wants a god damned palmprint. Thankfully I was in early enough to take the easy part.